The Toronto Transit Commission wants to freeze fares for a third straight year, while the city agency can’t afford the repairs needed to keep the system riders rely on fully functional over the next decade.

The intention to leave fare prices where they are was shared Tuesday as part of a presentation on the 2026 operating budget to the commission’s strategic planning committee.

The presentation also covered the capital budget and state of good repair backlog, which essentially means work to keep the transit agency's vehicles and infrastructure in good shape.

Committee member Coun. Dianne Saxe said “it is close to miraculous” that the TTC found a way to continue freezing fares while planning to improve service. But she said that’s only possible with a $1.4 billion subsidy from Toronto —

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